Amundi Raises Holdings in Coupang, Inc. (NYSE:CPNG)

Amundi boosted its position in Coupang, Inc. (NYSE:CPNG) by 34.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 377,879 shares of the company’s stock after acquiring an additional 96,848 shares during the period. Amundi’s holdings in Coupang were worth $8,419,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its holdings in Coupang by 85.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company’s stock worth $24,182,000 after purchasing an additional 506,622 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Coupang by 23.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company’s stock worth $4,861,000 after buying an additional 41,384 shares in the last quarter. Elevate Capital Advisors LLC purchased a new stake in shares of Coupang in the fourth quarter worth about $2,618,000. Charles Schwab Investment Management Inc. boosted its position in shares of Coupang by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company’s stock valued at $18,640,000 after acquiring an additional 138,416 shares during the period. Finally, Plotkin Financial Advisors LLC purchased a new position in Coupang during the third quarter valued at approximately $491,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the completion of the sale, the vice president now directly owns 136,806 shares in the company, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.60% of the stock is owned by insiders.

Coupang Price Performance

Shares of Coupang stock opened at $22.49 on Friday. The stock has a market capitalization of $40.60 billion, a P/E ratio of 39.45, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a one year low of $17.34 and a one year high of $26.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The business’s 50 day simple moving average is $23.28 and its two-hundred day simple moving average is $23.88.

Analyst Ratings Changes

CPNG has been the subject of several recent analyst reports. Mizuho boosted their target price on Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a research note on Wednesday, February 26th. Citigroup lowered their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays set a $35.00 target price on shares of Coupang and gave the stock an “overweight” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.17.

Coupang Profile

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.